Examples of Pooled Regular Certificates in a sentence
Any portion of a Yield Maintenance Charge that is distributed to Holders of the Non-Vertically Retained Pooled Regular Certificates on any Distribution Date shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Lower-Tier Regular Interests (exclusive of the Class LVRR Lower-Tier Regular Interest) then receiving a principal distribution, pro rata, based on the respective amounts of those principal distributions.
The “latest possible maturity date” for purposes of Code Section 860G(a)(1) of (i) the 000 Xxxxx Xxxxxx Regular Interests and the Loan-Specific Certificates is the Rated Final Distribution Date for the rated Loan-Specific Certificates; and (ii) the Lower-Tier Regular Interests and the Pooled Regular Certificates is the Rated Final Distribution Date for the rated Pooled Certificates.
To the extent that the Certificate Balance of, and/or any interest payable on, any Class of Pooled Regular Certificates or any Component thereof or the Class VRR Upper-Tier Regular Interest is so increased or deemed increased, an identical increase shall be deemed made to the Lower-Tier Principal Balance of, and any interest payable on, the Corresponding Lower-Tier Regular Interest.
To the extent that the Certificate Balance of, and/or any interest payable on, any Class of Non-Vertically Retained Pooled Regular Certificates or any Component thereof or the Class VRR Upper-Tier Regular Interest is so increased or deemed increased, an identical increase shall be deemed made to the Lower-Tier Principal Balance of, and any interest payable on, the Corresponding Lower-Tier Regular Interest.
To the extent that the Certificate Balance of, and/or any interest payable on, any Class of Non-Uncertificated VRR Retained Pooled Regular Certificates or any Component thereof or the Class VRR Upper-Tier Regular Interest is so increased or deemed increased, an identical increase shall be deemed made to the Lower-Tier Principal Balance of, and any interest payable on, the Corresponding Lower-Tier Regular Interest.
Any portion of a Yield Maintenance Charge that is distributed to Holders of the Non-Uncertificated VRR Retained Pooled Regular Certificates on any Distribution Date shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Lower-Tier Regular Interests (exclusive of the Class LVRR Lower-Tier Regular Interest) then receiving a principal distribution, pro rata, based on the respective amounts of those principal distributions.